RadioShack's chief financial officer Dorvin Lively stepped up as interim CEO, working under the Board's oversight during the search for Gooch's successor.

With his extensive retail resume that RadioShack is counting on, the objective for Magnacca now will be to strike a balance between offering the convenience of a brick-and-mortar technology store and the sheer cost savings found with online retailers.

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet.
She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ...
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